Meta, the parent company of social media platforms such as Facebook, WhatsApp, and Instagram, is reportedly planning to lay off even more workers as soon as this week and in the following months as well. The fresh round of job cuts will follow Meta’s November layoffs, which resulted in the culling of around 11,000 jobs, or about 13 per cent of the company’s workforce. Now, as per a report by Washington Post citing an anonymous source, the upcoming layoffs will impact certain departments more than the others.
As per the report, Meta’s fresh cuts will focus on the company’s recruiting division. Then, in April, Meta may lay off technical workers, followed by non-technical employees in May. Meta is yet to confirm the details.
Apart from the layoffs, Meta is also looking to reduce the leadership layers between CEO Mark Zuckerberg and interns. The company is also planning to invest in automation to help boost efficiency and also shutter projects and move resources away from some teams.
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Meta is reportedly planning to flatten its overall structure, offering buyout packages to managers and even cutting whole teams it deems nonessential, as per an earlier report by Bloomberg. It is said that the imminent round of cuts is being driven by financial targets and is separate from the “flattening”.
Meta, which has seen a slowdown in advertising revenue, has shifted focus to its much-promoted metaverse and has been asking directors and vice-presidents to make lists of employees that can be let go, as per reports.
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Meta employees reportedly highlighted heightened anxiety and low morale among colleagues of late. Some employees expressed worry about whether they’d receive their bonuses, which are set to be distributed this month, if they lose their jobs beforehand.
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